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On December 31, 2024, when its Allowance for Doubtful Accounts had a debit balance of $1,487, Crane Co. estimates that 105 of its accounts recelvable
On December 31, 2024, when its Allowance for Doubtful Accounts had a debit balance of $1,487, Crane Co. estimates that 105 of its accounts recelvable balance of 5103 . 800 will become uncoliectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2025, Crane Co. determined that B. Jared's account was uncollectible and wrote off $1,260. On June 12, 2025, Jared paid the amount previously written oft Prepare the journal entries on December 31, 2024, May 11,2025, and June 12, 2025. (lizt all debit entries before credit entries Credit eccount tieles are automatically indented when amount is entered. Do not indent mancally. Recond journal entries in the order presented in the problem. If no entry is required, select 'No Entry' for the occount bibes and enter O for the amounts
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